Comment 75713

By Beige Beigne (anonymous) | Posted April 04, 2012 at 15:07:42

CBC will cut 650 jobs over the next three years, including 475 this fiscal year, in response to last week’s federal budget, which reduced funding to the public broadcaster by $115 million over the same time frame.

“When we add up the reduction to our appropriation, unavoidable cost increases, and the investments that CBC/Radio-Canada needs to make to ensure its continued transformation into a modern public broadcaster, we actually face financial pressures amounting to $200 million over the next three years,” said Hubert T. Lacroix, president and CEO of CBC, in a statement.

The CBC will detail its plan to employees in a town hall Wednesday afternoon.

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